In May 2019, there were 105 homes sold, with a median sale price of $190,000 - a 16.9% increase over the $162,500 median sale price for the same period of the previous year. There were 109 homes sold in Lakewood in May 2018.
The median sales tax in Lakewood for the most recent year with available data, 2016, was $4,511, approximately 2.4% of the median home sale price for May 2019.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in May 2019:
| City | May 2019 Home Sales | May 2018 Home Sales | % change (Total Home Sales) | May 2019 Median Sales Price | May 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Woodmere | 1 | 1 | 0% | $202,500 | $219,900 | -7.9% |
| Shaker Heights | 76 | 82 | -7.3% | $196,750 | $188,500 | 4.4% |
| Valley View | 1 | 1 | 0% | $193,000 | $125,000 | 54.4% |
| Westlake | 55 | 60 | -8.3% | $192,500 | $242,800 | -20.7% |
| Seven Hills | 27 | 22 | 22.7% | $192,000 | $182,250 | 5.3% |
| Lakewood | 105 | 109 | -3.7% | $190,000 | $162,500 | 16.9% |
| North Royalton | 62 | 51 | 21.6% | $182,500 | $210,000 | -13.1% |
| Olmsted Falls | 26 | 17 | 52.9% | $170,239 | $148,000 | 15% |
| North Olmsted | 57 | 60 | -5% | $160,000 | $161,075 | -0.7% |
| Fairview Park | 32 | 39 | -17.9% | $156,250 | $180,000 | -13.2% |
| Middleburg Heights | 32 | 20 | 60% | $152,500 | $181,500 | -16% |
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